Talwar Thakore & Associates (TT&A), AZB & Partners, Trilegal, along with Gibson, Dunn & Crutcher advised on the Blackstone-led US$1.2 billion funding for Neysa.

Private equity funds affiliated with Blackstone (collectively, “Blackstone”) and co-investors have entered into definitive agreements to invest in Neysa, enabling a $1.2 billion capital raise. Blackstone and co-investors have provided equity capital of up to $600 million, on the basis of which Neysa intends to secure an additional $600 million of debt financing, subject to documentation.

The transaction is expected to be the largest funding round raised by an AI-native startup in India. The investment will support Neysa’s planned deployment of over 20,000 GPUs across India as it scales its AI acceleration cloud platform and expands its infrastructure footprint.

The round was led by Blackstone, alongside participation from TVS Capital, 360 ONE Assets and Nexus Venture Partners. DC Advisory acted as lead financial adviser to Neysa.

TT&A advised Neysa on the investment. The firm also advised Nexus Venture Partners in connection with its participation in the round.

The TT&A team was led by Joint Managing Partner Gautam Saha and Partner Punita Gupta, supported by Senior Associate Shambhavi Singh and Associates Sangita Sharma and Sajjan Singh Chouhan.

AZB & Partners advised TVS Capital on its investment in Neysa as part of the funding led by Blackstone.

The deal team comprised Partner Vasudha Asher, Senior Associates Shreshth Bhartia and Tanay Chopra, and Associate Ria Doshi, with support from Associates Nishita Agrawal and Rikhil Haldar. Competition law aspects were handled by Senior Partner Bharat V Budholia, along with Associates Anmol Awasthi and Arth Doshi, with guidance from Senior Partner Vaidhyanadhan Iyer.

Trilegal represented BCP Asia II Topco V, an affiliate of funds managed by affiliates of Blackstone Inc., on its primary investment in Neysa Networks.

Trilegal’s Corporate Team advising on the matter was led by Partners Amit Khansaheb and Rahul Chugh, and supported by Senior Associates Siddhant Maheshwari, Kriti Chatrath, and Anshul S., and Associates Navya Bhayana and Samridhi Poddar.

Partners Nishant Parikh and Arjun Ghose provided strategic inputs on the transaction.

The Competition Team advising on the matter was led by Partner Gauri Chhabra, and supported by Senior Associates Eesha Sheth and Ujwala K Adikey, and Associates Anjana Ravikumar, Shreya Chaudhary, and Shobhit Shukla.

The Trilegal Labour and Employment Team advising on the matter was led by Partner Parvathy Tharamel, and supported by Associates M Koshy Mathen, Shreya Sharma, and Sandhya Varadharajan.

The Technology, Media and Telecommunications Team advising on the matter was led by Partner Jyotsna Jayaram, and supported by Counsel Thomas J. Vallianeth, Senior Associate Sanah Javed and Associates Joseph Padikkala and Divya Govindan.

Gibson, Dunn & Crutcher advised Blackstone in connection with the investment.